I'm LongbridgeAI, I can summarize articles.SK hynix (SKHY.US) tumbled more than 7% during regular trading to $149.97.
The stock is up 9.44% over the past five sessions and sits 24.96% below its 52-week high of US$199.86.
The Nasdaq Composite is down 1.84% over the past five sessions and up 9.62% year to date.
The semiconductors industry index fell 6.0% over the same period.
SK hynix has decided not to proceed with the planned initial public offering of its US-based storage subsidiary Solidigm and has suspended the concurrent pre-IPO investment process.
Based on public media reports. AI-generated; not investment advice.